MUMBAI: Benchmarks gained momentum after a sluggish starts as investors bought stocks at lower levels. According to dealers, the upmove seem to be on the back of short coverings and traders should remain cautious in a volatile market.
Meanwhile, the Government is trying its best to repair its corruption tainted image. The Budget is expected to contain measures aimed at combating inflation and supporting growth. Whether those will be enough or not only time will tell,” said IIFL report.
Sensex surges; realty, metals, banks, oil & gas lead - Economic Times
Information about auto components India
MUMBAI: Benchmarks gained momentum after a sluggish starts as investors bought stocks at lower levels. According to dealers, the upmove seem to be on the back of short coverings and traders should remain cautious in a volatile market. “We could witness a positive opening today, and if all goes well a much better finish as well. The intermediate downtrend might continue for a while and 5347 will act as important support. A break below 5350 could spark further selling though. Beware of heightened volatility. Don’t get fooled by short-covering-led spikes. The Nifty may face resistance in the 5500-5600 zone.Meanwhile, the Government is trying its best to repair its corruption tainted image. The Budget is expected to contain measures aimed at combating inflation and supporting growth. Whether those will be enough or not only time will tell,” said IIFL report.
Manufacturer of diesel tanks India.
Sensex surges; realty, metals, banks, oil & gas lead - Economic Times
